Answers by Dennis Bergstrom

Home Insurance is required if you have a mortgage loan. The lender needs to protect the asset that is being securitized with a loan. If your insurance expires then the Lender may impose "forced insurance" which can be higher in price. The Note has these requirements listed.

working with a great Loan Officer that can guide you through the expected market conditions would be what you need. The Mortgage Industry as a whole is expecting a rate improvement cycle. I would suggest that you have a target rate in mind and know how long you plan on keeping the home. Both of these questions can help guide you to when is the right time to refi.